Posting Dates and Due Dates

Can someone explain to me about closing dates and due dates on card. Is the due date the date the CCC's will report your payment to the CRA's? How do I beat the CCC in posting the payment if I have high utilization and want to get another payment in before it hits the bureau? How do I know the date that they send it in?

Re: Posting Dates and Due Dates

BOA gives me my statement balance at roughtly 20th or 22nd of the month. So if I want to show lower util I pay off till whatever levels (say $200) I want it to be at before the 20th. That way it reports I'm using just $200.

Due date is the date by which you have to make the minimum payment.. If you are late I guess the late payments (30 day late, 60 day late, etc) columns in your credit report start ticking.

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